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CSPAN
Nov 30, 2012 8:00pm EST
addresses the fiscal cliff and middle- class tax cuts. president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so everybody can see you, guys. [cheers and applause] there you go. we have a couple of outstanding members of congress here. [cheers and applause] now, i just finished getting a tour of the workshop. i have to say it makes me wish that joel invented this stuff sooner when i was a kid. back then, you couldn't build a roller coaster out of your erector set. i got a chance to meet some of the folks who have been working around the clock to keep up with the christmas rush. that is a good thing. these guys are santa's extra elves. they manufacture almost 3000 piece
CSPAN
Dec 4, 2012 7:00am EST
of the appropriations and budget committee. also joined by georgetown university tax law professor john buckley on how the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of the year. no formal talks between the two sides are scheduled today. will go outside the nation's capital to get your voice involved. republicans -- democrats -- independents -- send us a tweet, post your comments on facebook, or send us an e-mail. we begin with some of the papers across the country today and how this latest proposal from house republicans is playing out in the papers. courtesy of "the atlantic journal-constitution" -- here is "the denver post" -- finally, here is "of the arizona republic" -- here is "the washington post" on what is inside this deal -- we want to get your take on this. what do you think? ted in new york, a democratic caller. what do you think? caller: good morning. i do n
CSPAN
Nov 29, 2012 7:00am EST
at 8:30, kim dixon on the payroll tax cut. william mcbride and seth hanlon on >> the president's been talking a lot about taxes lately. as a c.p.a. who practiced tax for years as a member of the wames there's no one who likes to talk about tax more than i do. but, let's be honest, talking about taxes is not going to solve the problem that america faces. we have to turn to the spending side of the ledger. and furthermore, his tax proposal will kill about 700,000 jobs and do harm to the economy, again the wrong direction. host: and that was the new g.o.p. conference secretary voicing her thoughts on the fiscal cliff negotiations yesterday. and we want you to address the issue of what the g.o.p. is raising, which is address the spending problem. 202 is the area code for our numbers. that's our question this morning in this first segment of the "washington journal." you can also contact us via social media and email. you can make a comment on our facebook page, and finally send us a tweet. here is the hill newspaper from this morning. g.o.p. forget tax rates in talks on the deficit
CSPAN
Dec 5, 2012 6:00am EST
have had an experience of this in new england. new hampshire has no income tax, no sales tax. every state around hampshire had one or the other. in the 1960's, and every state added another one, either the sales tax or the income tax. within hesitation of their people that the other tax would come out and the revenue would be used because it will be more effective in collecting it. every one of those states, the revenues have gone down, the income tax has gone up, and the size of government has gone up. from my standpoint, a value- added tax is just a way to grossly expand the size of the government, and it does not fix our revenue problems. more importantly than that, just the point where i think this argument ends up, the american people would annihilate any party that passed a national sales tax rate. if the democratic party thinks they are in charge now, and they are, and the republican party has done some things to marginalize itself, but if you want to resurrect a republican party, give me a value-added tax. >> let's take the value-added tax off the table for this the session,
CSPAN
Nov 30, 2012 7:00am EST
at 8:00 a.m., steven sloan of politico exams key tax credits aimed at families and businesses that would be enacted. "washington journal" is next. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] host: the supreme court will consider if it will take up seven of the cases they have on gay marriage. and former president bush is recovering from baron kithes and expected to be released from the hospital on saturday. and lot of the front pages taken up by republicans. and secretary tim geithner on what they are offering. among the proposal, $1.6 trillion in new taxes and $4 billion in entitlement cuts and for our first half-hour this morning, what do you think of the proposal from the white house? what do you expect might be the reaction from congress? with those two thoughts in mind, give us a call. (202)585-3880 for democrats. (202)585-3881 for republicans. (202) 628-0205 for independents. we have posted this on facebook if you want to respond at facebook.com/c-span or you can email us at journal@c-span.org. highlig
CSPAN
Nov 28, 2012 5:00pm EST
for tax reform, grover norquist. he is the person who got some members of congress to sign a pledge to not sign taxes. a number of republicans said they are willing to vote for a tax increase. this is just under an hour. >> thank you for coming out. two weeks in a row, thank you very much for coming out and we will have another one next wednesday and we appreciate you being here. grover norquist, president of americans for tax reform. people who are following us on twitter, just tweeted, we'll take your questions. we want to thank the bank of america for supporting these series. the forum is about issues that matter most in washington. last week, how the obama campaign won and today we will talk about very important issue for conservatives and republicans, the path forward for them and their party. we appreciate bank of america's partnership including at both of the conventions. and we are going to bring you into the conversation. you got cards. we would love to take your questions and also be getting questions as they call it on "morning joe"," the twitter machine. we would love to
CSPAN
Nov 28, 2012 7:00am EST
with small business owners across the country to force the president to back down on raising taxes on the wealthy. former florida governor jeb bush is gathering policy experts and dedication leader's fourth annual education summit. we covered yesterday's events pick. that's where we begin. mr. bush says the unions are barriers to better schools. how would you fix your school system? we want to get your take on it. also, send us a tweet, post your comments on facebook, or send us an e-mail. we begin with the "washington times headline" -- we want to show you what the former florida governor had to say at yesterday's event. [video clip] >> we need to have a teacher evaluation system that is based on teachers being professionals and not part of some collective trade union bargaining process. we have a system to reward teachers based on an industrial and unionized model that is completely inappropriate for the 21st century, completely inappropriate. there are incredibly fine teachers that get paid less even though they are doing the lord's work consistently over time and there are tea
CSPAN
Dec 1, 2012 6:00am EST
. >> that is not a serious offer. they are asking for $1.60 trillion in tax hikes. nowhere near that number in spending reform. we have always said we want to fix the problem. we want to make sure we get a hand on the unfunded obligations. we want to stop the spending problem so we can fix the deficit. we want to get people back to work, which is why again, we take the position that raising tax rates is absolutely not something that helps get people back to work. >> what was the importance of that, rather than just going ahead with visas that you agree are very, very important? >> well, again, what we believe is this was the first step forward in terms of trying to address the need for modernization in our visa laws. and we have a system of lottery that, frankly, i think, is properly replaced with a system that rewards those who want to come here to help create jobs and help get our economy back on track. so it's very much, i think, in sync with our priority of helping americans get back to work, helping create more jobs for more americans. >> democrats have now said after your response towards the the
CSPAN
Dec 5, 2012 7:00am EST
calls, e-mail, and tweets. after that, a look at the estate tax which is set to go up at the end of the year unless congress and the white house act. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] senior republican aides are contemplating a fallback plan for the so called "fiscal cliff", which includes extending tax cuts for the middle class and resuming a fight over spending and taxes for the wealthy later. meanwhile, going overseas, nato makes a move on the turkish border with syria. military officials deny preparations for military intervention. protesters in egypt march on the palace as mohamed morsi flees. international and domestic news is all on the table for you this morning as we open up the phone lines. also, send us a tweet. or post your comment on facebook. or send us an e-mail. we will get back to that new york times story. first, some other headlines on the domestic front. here is the "washington times." also, sticking with the senate, the baltimore sun reporting this headline -- in politics, here is
CSPAN
Dec 4, 2012 5:00pm EST
that taxes and middle-class americans that violates the fundamental preliminary that the president has -- in order to preserve low tax rates for wealthy americans, to ask the middle class to pay the price is not going to happen. it's not just the policy. >> only taxes on those families making $250,000. >> every proposal that has been seen and analyzed imagine you can achieve the necessary amount of revenue by closing deductions or closing loopholes, does that in one of two ways. one, raising taxes on the middle class by eliminating very family-friendly deductions like the mortgage deduction, health care deduction and others or by taking draconian action on the charitable deductions and others that aren't good policy or aren't realistic. it would be hard to explain, i don't think members would want to explain to nonprofit hospitals, major charities, universities and others that all that -- all those contributions that they received in the past will not be forth coming because of an action of congress, i don't think that is realistic. >> one last question, if the amount of revenue were t
CSPAN
Dec 4, 2012 10:00am EST
, reagan did hold up his end of the deal and went along to support the tax increases. however, it -- on their side of the equation and did not implement the spending cuts, and so, this also happens again under the elder george bush's presidency, so i have very little confidence in democratic leadership's willingness to stand by a pledge to cut any spending at all. host: thanks to all the calls this morning. the house of representatives is about to come into session. the chair lays before the house a communication from the speaker. the clerk: the speaker's room, washington, d.c., december 4, 2012. i hereby appoint the honorable gregg harper to act as speaker pro tempore on this day. signed, john a. boehner, speaker of the house of representatives. the speaker pro tempore: pursuant to the order of the house of january 17, 2012, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate . the chair will alternate recognition between the parties with each party limited to one hour and each member other than the majority a
CSPAN
Nov 28, 2012 8:00pm EST
tom call who suggested he and his gop colleagues should renew middle-class tax cut and allowed the top tax rates to let -- rise. tonight, we speak from -- hear from speaker boehner, house democrats, and president obama on the so-called fiscal clef. later, alan simpson and erskine bowles talk about some of the fiscal choices facing congress. >> the program began under one of the advisers to president franklin roosevelt to document the conditions under which people were living. this was back when we did not have television. we had radio, but a lot of places did not have electricity, so they could not listen to the radio broadcast to find out what was going on in other parts of the country. he was an economist from columbia university. he was the head of this project. in 1939, when kodak introduced color film, they sent him to have his photographers try out, see what they could do. kodak was trying to establish a new market and product, and they wanted people who would know how to use it effectively to try it out and publicize it. >> america in the 1930's and 1940's -- the library of cong
CSPAN
Dec 4, 2012 8:00pm EST
capital gains rate in the a.m.t. is higher than the regular tax rates from incomes around $200,000 to $500,000. and that was the first broad expansion of the a.m.t., it began to hit an awful lot of people. then in 2001 they reduced regular tax rates but did not reduce a.m.t. tax rates. . for many people, the a.m.t. tax bill only changed the name of the tax i paid. i got little benefit from the rate ofin my opinion, the expand on tax has nothing to do with the action of indexing. it is the result of the conscious decision to hike the cost of tax reductions. >> the alternative minimum tax is 28%. if your tax rate was lowered to 25%. you still have to pay 28%. >> that is correct. for incomes between to london thousand dollars and $500,000, the effective tax rate is 35%. you hit the 35% rate and incomes fire lower than the income levels at which you would hit the 35% rate and regular tax. >> why do they call it a patch? >> it is a one time year by year patch to stop the broad expansion. you could ask why they call it a cliff. they have discussed this in terms of the patch. it is a
CSPAN
Dec 5, 2012 1:00am EST
corporate and individual taxes. the third piece is small businesses. we work out how develop a tax code that is good for competitiveness. you need to think about how those play into it. i think one of the things to keep hearing through messages with different groups of people is, while everybody is aware that the solution is going to take sacrifices from all sides, on spending, on revenues -- the confidence you get for putting the deal in place to actually has tremendous economic benefits. the cheapest form of stimulus is confidence. if we can put that in place, and people believe something is going to stick, it becomes easier to do your part in all of this. if the moving pieces and revenue are there, do not underestimate the benefit of what the future holds. >> this ties into michael's point. the productivity, the amount of money they get spent maintaining and administering the complex tax code is unbelievable. i would rather be spending that money. let us get on with building a business. society should do it. people should take that as a given. i know the rest of us have it. we would
CSPAN
Nov 30, 2012 9:00am EST
is a possibility we could come back in january and say we will reinstate those tax rates for everybody except those people making more than $250,000. host: we have about 30 seconds. the likelihood these credits will be reduced. guest: it will be a crapshoot. host: steven sloan from politico. thank you thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] the prayer will be offered by our chaplain, father conroy. cap hehn conroy: let us pray. loving and gracious god, we give you thanks for giving us another day. help us this day to kragh closer to you so that with your spirit and your presence among us we all must face the tasks of this day. bless the members of the people's house. help them to think clearly, speak confidently and act courageously in the belief that all noble service is based upon patience, truth and love. you know well the pressing issues facing our nation. grant our leaders, especially, the wisdom to do what is best and may we all join in the common will for the benefit of all constitu
CSPAN
Nov 30, 2012 2:00pm EST
the fica tax you see on your paycheck. i will do some quick math here, mr. speaker. bear with me. 40.3% in federal taxes. the tax rate for every middle class american in the land. i ask you, mr. speaker, are tax rates too low? do you think you ought to work for the first five months out of the year just to pay your federal tax burden before you begin to pay your state tax burden, before you begin to pay your local tax burden, before you begin to actually earn money to pay for your food and shelter and clothing for your family? 40% is a marginal tax rate. 35%, mr. speaker, is the rate that that 1% are paying today. 35 cents out of every dollar earned by that top 1% today, at the marginal tax rate for those folks. now, a lot of folks don't realize taxes are already going up next year. the president's health care bill, that bill that i was not here to oppose it though i tried to repeal it, i haven't been able to get that through the senate, but the president's health care bill raises taxes come january 1. so on the top income bracket that the president wants to raise taxes even furt
CSPAN
Dec 3, 2012 5:00pm EST
, since the invention of the income tax. there has always been a deduction for interest that you paid. the government didn't think it could distinguish between mortgage interest and other kinds of interest. less interest is deductible now. some of the things are left over from the early days of the tax code. there is no magic about allowing people to deduct mortgage interest and not the interest they pay on their credit cards. some of these things are hard to explain. host: does it incentivize home buying? guest: it does provide some if incentive for buying a home and is a large tax break and gives them an enormous benefits. it mostly provides an incentive for buying a bigger house. it seems to incentivize mcmansions. there is a fair question of whether that is something we should be spending that much money on. host: let's go to ohio, robert is a democrat. caller: yes, my question is this. a question/comment. i have seen all these outbreaks been giving out. supposedly they were created for an incentive for them to hire more people. they were given as four years and years. a majority
CSPAN
Nov 29, 2012 1:00am EST
,000. and everyone is in agreement -- the republicans do not want to see the middle class go without this tax cut. so where we disagree, let us push that off. where we agree, let's embrace. further, we discussed again the long term effects of our deficit, which are directly tied to health care -- the work that has been done in the congress as it relates to constructing and exchange that will take place in 2014 and go into effect, and the tools that we provided a initially on a concept that by its very nature was one designed by republicans, that there is ample room for us to tackle the unbelievable rise in cost of health care to 17% of our gross domestic product by focusing on dropping those costs. most recently the president of aetna said very clearly -- not only if we drop those costs would we make health care more affordable, we would also deal with balancing our national debt. so these are all very constructive areas that we all should agree to. that the american public wants us to pursue. we remain optimistic because of the way the president has gone out there and is selling this concept, not on
CSPAN
Dec 3, 2012 8:00pm EST
recommendations in the report create 1.7 million jobs. everyone talks about taxes and what's going to happen with the fiscal cliff. in the last 10 years there's been $1,500 for every american consumer has gone to increased oil prices. $1,500. we're now talking about $2,000 take the tax cuts make a different for middle-class americans. you can get them that tax cut today if you invested in our report. and then everybody talks about entitlements. the social security administration trustees have said that high oil prices make the social security trust insolvent five years sooner than they would if you didn't have high oil prices. look, we all know what america needs. america needs jobs. america needs growth. following the recommendations in our report will lead to both of those. that's going to be good for the politicians, it's going to be good for the consumers, it's going to be good for american business. >> let me bring in the senators here to ask about -- i'll start with you, senator alexander. if you could just tell me a little bit about energy policy in this country and where it fits in i
CSPAN
Nov 30, 2012 10:30pm EST
house deficit reduction package. later, nancy pelosi addresses the fiscal cliff and middle- class tax cuts. tomorrow on ", washington "" robert -- "washington journal," robert van order on the mortgage loan forgiveness. adult'eman on being an with autism. plus, your emails, phone calls, and tweets. >> c-span, created by cable companies and venture 1979, brought to you as a public service by >> president obama talked about the so-called fiscal cliff and his proposal to end the bush era tax cuts. he spoke at a manufacturing facility in hatfield, pennsylvania, for about 25 minutes. >> thank you! [cheers and applause] >> well, good morning, everybody. everybody, please have a seat, have a seat. relax for a second. it is good to see all of you. hello, hatfield! it is good to be back in pennsylvania and it is good to be right here at connects. i want to thank michael airington and the inventor of connects, joel glickman, for hosting me today. where'd they go? stand up so everybody can see you guys. there you go! i just noticed, we got a couple of outstanding members of congress here. chaka
CSPAN
Dec 3, 2012 2:55pm EST
, and new tax revenues. there was a three page letter signed by speaker boehner, majority leader eric cantor, and other senior republicans including representative paul ryan. and this mornings "washington journal," we heard about tax reductions and credits that would go away if the fiscal cliff passes in january. >> board or series looking into the so-called fiscal cliff, we turn our attention to deductions and tax loopholes. some of them are potentially on the chopping block. joining us from the wall street journal is don mckinnon. thanks so much for joining us today. what are the loopholes and deductions? we hear those words a lot, but what are they? guest: loopholes or tax breaks of all different sorts, and whether you like a particular loophole or not depends on where you sit, i guess. there are lots of loopholes that are deductions. deductions are those that most people are familiar with. the big, itemized deductions are things like the home mortgage interest deduction. there is a deduction for state and local taxes that is very important, the deduction for charitable contributions is r
CSPAN
Dec 5, 2012 1:00pm EST
dollar deficits throughout that time. tax policy hasn't changed during that time. tax policy is exactly the same. you hear in the newspaper all the time, mr. speaker, the bush tax cuts. i don't know that that has meaning anymore. in 2001 and 2003 we did do some dramatic changes to tax policy. president obama extended all of those changes in 2010. that's the law of the land still today. tax policy has been exactly the same over this continuum. what has changed, mr. speaker, what has changed is the spending. the reason deficits have grown not one, not two, not three but almost four times larger than the previous record deficit in american history is not because tax policy has changed, it hasn't. it's because federal spending policy has changed. and that's what we have to get our arms around here in this body. what i show going forward, mr. speaker, put a little square around the annual budget deficits that have been run during the first four years of the obama administration, but i also project what the congressional budget office believes, that's a nonpartisan budget planning group we ha
CSPAN
Dec 4, 2012 1:00pm EST
. and of course everyone, everyone deserves a $250,000 tax break. we all agree on that. so why not just simply adopt it and then come back and we'll have time to address the issues as it relates to bending the cost curve on health care and focusing on the vast inefficiencies, the fraud, the abuse and the waste that totals more than $750 billion annually? as for the chairman from my district said, list, it would be a way for us to bring down the deficit but also make health care affordable, accessible and functional for the american people. something i believe we must do. with that let me introduce the chair in waiting, javier becerra. >> mr. chairman, thank you very much. it's been a pleasure serving with you as our chairman of the caucus. december, how many families do you know that are sitting down right now trying to do some quick math on their finances and figure out how they can stay on their budget and have a little left over to buy gifts for the kids and for the loved ones so it will be a merry christmas, great holiday for all of america's families? they don't have any choice but to fig
CSPAN
Nov 28, 2012 10:00am EST
the politics are currently after the election. economists usually determine policy prior to tax rates. host: we are host: we are running out of time to give final thoughts as we conclude. what do you think is next on this debate? guest: we are weeks away from a deadline. an important one. where not only our tax policy is going to change but significant spending cuts are slated to take effect as well. i'm actually a little bit more concerned today than i was a day or two ago. in the sense at the moment policymakers are moving in opposite directions. in part that's the ways of washington and i think we'll see a few collapses before we ultimately get together somewhere in the days before christmas on a compromise. we have been talking about marginal tax rates, which i think are a key part not only of the budget question, but a key part of the broader economic question in terms of economic growth. and i'm hopeful that any solution that comes together is going to think a lot about economic growth and not just budgets. host: ethan? guest: i think i may be a little more hopeful than alex is. i think t
CSPAN
Nov 28, 2012 6:00am EST
. we had the judd gregg kent conrad. we know it. it has been doing something with actual tax revenues. mitt romney proved during the campaign you cannot do it just by doctoring up the tax code. that should be part of the deal. we need to have tax reform, we have to have the people that have done so well during the difficult time with the economy, the richest of the rich will have to pay a little bit more to solve the idea of the problems of the country. -- to solve the financial problems of this country. >> good afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president would be -- seems like our friends on the other side are having difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense of the year to do something important for the country. we all know that the most critical steps to be taken are to save the entitlements, which are on an unsustainable path to bankruptcy. there's no better time to begin to fix that problem than right now. so i would hope our friends on the other side can kind
CSPAN
Dec 5, 2012 10:00am EST
the right solution for solving our issues of middlele class tax cuts and the fiscal deadline and make sure we move in a very positive direction. with that i yield back my time. the speaker pro tempore: the gentlelady yields back. the gentleman from texas. the gentleman reserves. the gentleman from michigan. mr. conyers: mr. speaker, we have no further speakers. i am prepared to return the balance of our time. the speaker pro tempore: the gentleman. mr. smith: we have no further speakers on this side. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the question is, will the house suspend the rules and pass bill h.r. 6620. so many as are in favor say aye. those opposed, no. in the opinion of the chair, 2/3 of those voting having responded in the affirmative, the rules are suspended, the bill is passed, and without objection the motion to reconsider is laid upon the table. for what purpose does the gentleman from texas seek recognition? mr. smith: mr. speaker, morph that the house suspend the rules and pass h.r. 6602, to make revisions in title 36, uni
CSPAN
Dec 1, 2012 10:00am EST
in this room. that is taxes and spending. more specifically, the desire of the president's was to have a capital gains tax cut. democrats would only agree if the overall rates were increased. no such agreement could be reached. democrats retreated on the rate increases while setting for a limitation of tax deductions for high-income filers. sound familiar. each of these distinguished panelists will give their recollection of the budget. its prose at its cons, at its pitfalls, and most importantly, what lessons from that experience can be applied today. i am sure they will want to interact with each other. we will open it up after each one makes opening comments they want to make. then, if time permits, we will certainly open it up to you and the audience to ask any specific questions you might have. in the absence of a speaker at this moment, i would like to proceed with the honorable governor, a former chief of staff, at this time. governor sununu, welcome. >> thank you. i have never sat at this table. thank you. >> i sat here a lot. >> i think this is a very interesting coincidence i
CSPAN
Nov 29, 2012 6:00am EST
written a lot about the tax side of the equation. we need to read more about the spending side of the equation. they are equally important if we are going to get a balanced plan. they are serious about reducing spending -- that would include reducing spending on health care entitlements. they are serious about protecting the middle class -- you can really feel the president's passion on that. they were serious about restoring confidence in the short and long term so our economy can grow and create jobs. i think the president has always been for a balanced approach come as alan and i have. our message to the president and the congress from day one has been the same -- that is the problem is real, the solutions are painful, and there is not going to be an easy way out of it. the only way to solve it will be a balanced plan with cutting spending and one without the other will not work. where do i think we are? i am really worried. i believe the probability is we are going over the cliff. i think that would be horrible. it would be devastating to the economy. it particularly bother
CSPAN
Dec 1, 2012 7:00am EST
politico. the major sticking points remain the same, congressional democrats want to raise taxes on the highest income earners while keeping the current lower tax rates in place for the middle class. republicans want to extend tax breaks at all levels. good morning and welcome to "washington journal." we are going to be talking about the fiscal cliff, the statements the house speaker made about being a stalemate and what the president said during his trip to a toy factory in pennsylvania. here are the numbers. you can also reach out to us by e-mail and twitter and facebook, all of the social media as. on twitter the addresses @cspanwj, facebook.com/cspan. more from the article by jake sherman with the headline " fiscal cliff." he writes -- let's go to the phones. the first call comes from debbie in flint, mich. on the line for democrats. caller: i think they need to pass a law that these guys did not get paid. if i go to work and did not do my job, they will not pay me. they have not done their jobs in the years. they need to listen to the american people. we picked barack obama
CSPAN
Dec 4, 2012 1:00am EST
host: maverick writes in and said, i see a problem with giving tax credits for hiring unless employees make a living wage. thomas is up next from south carolina on our democrats line. caller: we are down here in foggy south carolina. thank you for c-span. host: thank you. caller: something that has come to my view on a c-span program the other night, two republicans and one democrat were expressing a need for a trust fund to finance infrastructure, which we need very badly, which would put people back to work from some form of tax on the infrastructure that we build. it is the duty of our government to do things for people that they cannot do themselves. the rich can do for themselves. the poor people cannot. i'll hang up and listen. host: let's go to curtis dubay. guest: we keep hearing about infrastructure investment. but the way we do that is federal gaps. the 65 cents of every dollar raised for the federal gas tax actually goes to roads and bridges and highways. the rest of it goes to things that are not supposed to be funded by the attacks. sustainability projects, bike
CSPAN
Nov 28, 2012 1:00am EST
young people with direct support financially for the enterprise, or with privilege and taxes. those are the two possibilities, but we should do it. the fight against unemployment, in my eyes, is the highest priority for the european union, or must be the highest priority for the european union. the international labor organization spoke about the lost generation in such countries. to lose a whole generation from a society is to destroy democracy. therefore, if there are not direct places for young people, we must intervene directly from the state level to support those enterprises to employ young people. i could tell a lot more, but i was asked to do it shorter. both sides have a lot of economic and political problems, but we are solving the problems. we must solve our economic and political problems and cooperate, and it is possible. perhaps one problem is the lack of cooperation between the united states and the european union. to solve the problems we have, one step is to cooperate more. gender equality, the european parliament is one of the strongest fighters in the world for ge
CSPAN
Nov 30, 2012 1:00am EST
that he will have to give compromise on tax rates? >> revenue is on the table. there are serious spending cuts as part of the agreements. we have a debt crisis. we are spending too much. we have to recognize that sizzle the spending that is out of control. >> what size spending cuts do you think it would take to reach a deal of the fiscal of question mike do you think the promise has to be included at interest deal? >> i do not think it is so important for a visit to the of what the spending cuts ought to be. terra a lot of options have you can get there. the second part of the question was, -- >> do you think the promise of spending cuts has to be included in a deal that averts the fiscal close? >> there is a from mark we presented two weeks ago. it has been agreed to in terms of a downpayment that would include spending cuts and revenue. the entitlement reform, and tax reform next year. this is way out of balance. not a recognition on the part of the white house. a spending problem that we have. >> the prospect of going over the fiscal close. which one would you choose? what's of will d
CSPAN
Nov 29, 2012 10:00am EST
spending her hard-earned tax dollars like water, running trillion-dollar deficits year after year. she's angry and she has every right to be angry. so what are we going to do about it? lately we've heard a lot of talk about raising revenues, but not nearly enough talk about bringing the federal government down to the right size, about matching spending to the resources we have, about balancing the federal budget. oh, we hear about a balanced approach, but that's just a way of saying we need to increase taxes. actually, we don't need to increase taxes. the best thing we could do would be to not increase taxes. the best thing we can do is to raise revenues by making our economy as healthy and strong as it can be. that means we need to help our businesses grow and hire. that's become way too hard to do in the past couple of years. a businessman in duchess county, new york, said he's going to have to limit the number of employees he has to less than 50 so he won't be subject to penalties under the 2010 health law. so right now the federal government is keeping him from offering jobs. that
CSPAN
Dec 1, 2012 2:00pm EST
. 2012] >> president obama talks about u.s. tax policy. the tax cuts that will expire at the end of this year. then, senator orrin hatch from utah gives the republican address on the fiscal cliff which refers to automatic tax increases and spending cuts that would go into effect in 2013. >> hi, everybody. i'm here on the factory floor of a business in hatfield, pennsylvania, where folks are working around the clock making toys to keep up with the christmas rush. and i came here because, back in washington, the clock is ticking on some important decisions that will have a real impact on our businesses - and on families like yours. the most pressing decision has to do with your taxes. see, at the end of the year, middle-class tax cuts are set to expire. and there are two things that can happen. first, if congress does nothing, every family will see their income taxes automatically go up at the beginning of next year. a typical middle class family of four will see their income taxes rise by $2,200. we can't let that happen. our families can't afford it, and neither can our economy.
CSPAN
Nov 27, 2012 8:00pm EST
are before us. tax increases are not. but underlying all of that, foundational to all of that, is putting america back to work. getting americans back into their jobs. if we do that we will clearly increase employment and when you increase employment you always increase tax revenue to the federal government, to state governments and local governments. so our principle task as i see it and i think i'm joined by many of my colleagues, both democratic and republican, is to get the american economy going. to put it back in gear. and there are many reasons beyond just employment and the opportunities that family have -- families have to make it. one of the critical elements in all of this is to protect americans. we recently saw superstorm san joaquin smash into -- sandy smash into new jersey and new york with devastating results. loss of life, incredible loss of property, both public and private, and a very, very big cleanup bill. joining me in a little while will be some of our representatives from the state of new york. and they'll talk about that in detail. but before sandy ever hit the co
CSPAN
Dec 1, 2012 4:30pm EST
, president obama talks about u.s. tax policy, the tax cut put in place at the it illustration that will expire at the end of this year. -- by the past administration that will expire at the end of this year. be on some important decisions that will have a real impact on our businesses -- and on families like yours. the most pressing decision has to do with your taxes. see, at the end of the year, middle-class tax cuts are set to expire. and there are two things that can happen. first, if congress does nothing, every family will see their income taxes automatically go up at the beginning of next year. a typical middle class family of four will see their income taxes rise by $2,200. we can't let that happen. our families can't afford it, and neither can our economy. the second option is better. right now, congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody. that means that 98% of americans and 97% of small businesses wouldn't see their income taxes go up at all. and even the wealthiest americans would get a tax cut on the
CSPAN
Nov 29, 2012 8:00pm EST
the fiscal cliff by passing legislation to stop all the tax hikes, to replace the sequester, and pave the way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our country's debt crisis and get our economy going again and to create jobs. right now all eyes are on the white house. the country does not need a victory lap. it needs leadership. it is time for the president and congressional democrats to tell the american people what spending cuts they're willing to make. with that, i will take a few questions. [indiscernible] >> it has been very clear over the last year and a half. i have talked to the president about many of them. you can look at our budgets where we outlined specific proposals that we passed last year and the year before. we know what the menu is. we do not know what the white house is willing to do to get serious about solving our debt crisis. [indiscernible] >> i am not
CSPAN
Dec 5, 2012 5:00pm EST
with the following belief. the only way to get it in order is through rapid economic growth. no taxes you can raise to bring the debt down. what the president is offering is not enough but will make a dent on job creation, particularly middle-class job creation. i oppose his plan. we should do real tax reform. if there are loopholes, there is a loophole for being able to write off your yacht as a second home. let's go after that. we need more revenue and the way you do that is through rapid economic growth. it's the only way to generate the kind of revenue you need and hold it. >> what's the only way you would raise tax rates on the top 2%? >> the number one issue is to grow the economy and creating jobs. i believe that proposal will hurt job creation. the tru millionaires, they have the best accountants and lawyers in america. do whatever you want, they are go to go maximize it. the people who get crushed, the small s corporation who can't afford to do this in the tax code and ends up getting creamed. they have to get the money from somewhere. though can lay off workers, and none of those things a
CSPAN
Nov 29, 2012 1:00pm EST
into that line of thinking. now, what are these deadlines? well, we know that the bush tax cuts are expiring. they'll expire for everyone, not just the top 2%. this is not something we want the american middle class to get hit with a tax increase at this time, but we do believe the wealthiest among us should pay more. and we think that the top 2% should pay a higher tax rate on the money they make after $250,000 a year. we also believe that there's more that can be done, closing loopholes. people say, let's talk about that. . we see the bush era tax cuts expiring for everybody. we see the production tax credit expiring which is something important for work in the wind industry and the area of industry that promotes environmental matters. we also see the expiration of things like the estate tax, the s.g.r., which is the doctors fix for medicare. and we also see the sequestration which is the outcome, time outcome of the budget control act that we passed in august, 2011, which is now coming due, and there will be equal defense and discretionary spending cuts on both sides which will be -- whic
CSPAN
Nov 28, 2012 1:00pm EST
unpaid for wars and two unpaid for tax cuts that disproportionately benefited the wealthy. and wall street gone wild that led to the worst recession since the great depression. our budget should not be balanced on the backs of vulnerable americans, including women and children. and funding programs that assist vulnerable women and children have already experienced serious cuts in recent years and we shouldn't be asking more from these safety net programs. we also want to ensure that we don't replace sequestration, these automatic cuts that will go into place, with something even worse. some alternatives are being considered that would actually do even more harm than sequestration to women and children. and although medicaid beneficiaries are protected under sequestration, some proposals would make cuts and/or change medicaid into a block grant. that means giving just a sum of money to the states, pretty much to do what they want with, and not necessarily covering the children and poor people, poor families that need medicaid support. in the united states of america, medicaid covers
CSPAN
Dec 4, 2012 6:00am EST
, but to have the volatility have such an impact, we were fortunate. we put in a payroll tax cut that would cushion people's consumer spending a bit, but when you are in a tenuous time, as we has been the, the fact that the volatility can have such an effect on consumer confidence, we all know that americans are over affected by consumer confidence factors. they are bothered by sudden spikes in gasoline prices more than economics tell you that they should be. and, obviously, jobs related to the actual increase in oil and natural gas production and have an industry is based off of alternative fuels, a think that is all very productive. one thing i want to say since we are in this time where no one seems to be getting along is that, one place where i see a real bipartisan agreement, they have an excellent bill on electric vehicles where they have an idea that maybe you have already talked about, but i believe so much in that type of thing. to be able to show something working somewhere from the first time 60 minutes or cnn and is able to do a story where you show a community where it is easy
CSPAN
Nov 30, 2012 6:00am EST
of the white house's effort to cut public support to end the bush era tax cuts for incomes on $250,000 and above. it will be shown at noon eastern on c-span 3. >> washington worked his way up and went to harvard law school. he emigrated out west to the lead minee industry was in its heyday. he arrived by stagecoach, by train and arrived in this muddy mining town, boarded himself in a log cabin and slowly worked his way up and became a successful lawyer and got involved politically, ran for congress, search for 8 terms. he then befriended abraham lincoln, obviously from illinois, and ulysses s. grant, and as they were on the rise, he stayed with them as a close confidante and colleague during the civil war. after grant was elected president, he appointed washburn secretary of state. at that time, he became ill. his family feared for his life. after 10 days, he submitted his resignation to president grants. grant regretfully accepted his resignation. over the next several months, he regained his health, which was always fragile. grant offered him the position as minister to france, a
CSPAN
Nov 29, 2012 5:00pm EST
senate leader reid is pursuing. then a guest from politico examines tax credits aimed at families and businesses that will be impacted if congress does not act on the so-called fiscal clef. beginning at 7:00 a.m. eastern on c-span. today in new york at the united nations, the general assembly voted 138-9 with 41 countries abstaining to recognize the state of palestine. it updates the palestinian status to a non member observer state at the united nations. after the vote, u.s. ambassador to the u.n. susan rice said the vote places further obstacles in the path of peace. here are comments -- are about five minutes. >> thank you, mr. president. for decades, the united states has worked to help achieve a comprehensive end to the long and tragic arab-israeli conflict. we have always been clear that only through direct negotiations between the parties can the palestinians and israelis achieve the peace that both deserve. two states 4 two peoples with a sovereign, a viable, an independent palestine living side-by-side in peace and security with a jewish and democratic israel. that remain
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